Skip to content

METAKOR

Active
Public limited companyfounded 195472 yrs activeIndustrielaan(Heu) 8, 8501 Kortrijk, BelgiumKBO/BCE: BE 0405.354.882
Summary

METAKOR has been active since 1954 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.0m and a net result of -€174,662. Equity is shrinking by ~5.3% per year across the filed fiscal years. Its solvency ranks better than 26% of 146 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).

Risk analysisWatch ReportCompare
METAKORActiveChecked score 65/100
Risk analysis ReportCompare

Overview

Activity
Manufacture of furniture
NACE 31001Manufacture of fabricated metal products, except machinery and equipment NACE 25620NACE 25720
#1 oldest company in West Flanders, Furniture sector1 site
Size
€4.2mtotal assets 2025
Staff
18.2 FTE
Equity
€1.0m
Loss
-€174,662
Financial health
65 Healthy Checked score 2025
Bankruptcy chance 12 m
0.9%
Structure
Parent
LVincere · 100%
Holdings
1
Accounts 17 d early0 of 10 deeds read
Why 65- Liquidity: current ratio 1.36, cash €79,556- Sector Manufacture of furniture (NACE 31)- Equity €1.0m (24.7% of total assets)- Loss of €174,662, the second in a row (FY 2025)Show the evidence

Checked score

Score 2025
65 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 20% of its sector peers (NACE 31, small)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 50-4
equity 24.7% of total assets
Liquidity 26-2
short-term debt 51.9% · cash 1.9%
Profitability 21+4
return on assets -4.2%
Bankruptcy probability, 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%

About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (136 companies)
Last 24 months 11-2024: 0.6%lowest value 12-2024: 0.6%● 0.0% vs 11-2024lowest value 01-2025: 0.6%● 0.0% vs 12-2024lowest value 02-2025: 0.6%● 0.0% vs 01-2025lowest value 03-2025: 0.6%▲ +1.5% vs 02-2025 04-2025: 0.6%▲ +5.4% vs 03-2025 05-2025: 0.7%▲ +4.6% vs 04-2025 06-2025: 0.7%▲ +1.5% vs 05-2025 07-2025: 0.8%▲ +16.0% vs 06-2025 08-2025: 0.8%▲ +0.8% vs 07-2025 09-2025: 0.8%● 0.0% vs 08-2025 10-2025: 0.8%● 0.0% vs 09-2025 11-2025: 0.8%● 0.0% vs 10-2025 12-2025: 0.8%● 0.0% vs 11-2025 01-2026: 0.8%● 0.0% vs 12-2025 02-2026: 0.8%● 0.0% vs 01-2026 03-2026: 0.8%▲ +1.4% vs 02-2026 04-2026: 0.8%▲ +5.3% vs 03-2026 05-2026: 0.9%▲ +4.4% vs 04-2026 06-2026: 0.9%▲ +3.2% vs 05-2026 07-2026: 0.9%▼ -4.0% vs 06-2026 08-2026: 0.9%▲ +8.4% vs 07-2026highest value 09-2026: 0.9%● 0.0% vs 08-2026highest value 10-2026: 0.9%● 0.0% vs 09-2026highest value
  • Liquidity: current ratio 1.36, cash €79,556 raises the probability
  • Sector Manufacture of furniture (NACE 31) raises the probability
  • Equity €1.0m (24.7% of total assets) raises the probability
  • Loss of €174,662, the second in a row (FY 2025) raises the probability
Credit up to €65,000 at 30 days acceptable
Liquidity tight (current ratio 1.36 against 1.42 in 2024; short-term debt: 51.9% and cash: 1.9% of total assets), and 75.3% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 31, small). Better than this share of them on solvency 26%, liquidity 21%, profitability 17%, growth against the median 18%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Liquidity: current ratio 1.36, cash €79,556
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Sector Manufacture of furniture (NACE 31)
In the bankruptcy model this factor raises the probability.
KBO
raises risk · Equity €1.0m (24.7% of total assets)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Loss of €174,662, the second in a row (FY 2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€174,662
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
17 d early
2024
7 d early
2023
20 d early
2022
27 d early
2021
17 d early
2020
11 d early
2019
8 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 15 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 37% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 14 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
03-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · full…
  2. Annual accounts filedfiscal year 2024 · abbreviated…
  3. Weakest financial yearnet -€241,506

Key points

  • Risk: 4 loss-making years in a rowloss fiscal year 2025 -€174,662 View
  • Positive: Oldest company in West Flanders, Furniture sectorin the Checked rankings #1 View
  • Positive: Always filed on timeaccounts within the deadline every year 8 years View
  • Controlled by LVincereitself parent of 1 companies 100% View
  • Active since 1954founded 21-05-1954 72 years View
  • Flemish supportawarded 2022 - 2025 €251,719 View
  • Positive: Result rose in 2025from -€241,506 to -€174,662 ▲ 27.7% View

By topic

Financials

Fiscal year
2025
Total assets
€4.2m
Loss
-€174,662
Solvency
24.7%
Total assets▼ 0.6%
Net result
20182025
Go to Financials

Timeline

Events
12
Since
2017
Next accounts
by 31-07-2027
  1. 14-07-2026Annual accounts filed
  2. 24-07-2025Annual accounts filed
  3. 31-12-2024Weakest financial year
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Manufacture of furnitureNACE 31001
Founded
21-05-1954
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Go further with this company

How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidies

Your own company? See how customers, suppliers and banks see it and what to improve first.

Investigating this company? Keep it with today's facts in a case file.

We would like to set cookies. That happens only with your consent. What we measure